LABOR PRODUCTIVITY
Measurement of a nation’s economic growth; the hourly productive output of produced goods and services. Moreover, it measures the amount of real GDP produced within an hour of labor. To compute labor productivity,
Labor Productivity = Total Output / Total Productive Hours
Capital investment, technological innovation, and human capital are the main factors of growing labor productivity. A growing number of labor productivity is typically interpreted as an improvement of standard living in the country.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 04:00 | Expected Annual Inflation 2y from now | 4 quarter | |
| 07:00 | Economy Watchers Survey | Oct | |
| 10:30 | New Yuan Loans | Oct | |
| 01:30 | Westpac Consumer Sentiment | Nov | |
| 01:50 | M2 Money Supply + CD | Oct | |
| 02:30 | NAB Business Confidence | Oct | |
| 08:00 | Prelim Machine Tool Orders | Oct | |
| 09:00 | CPI | Oct | |
| 09:00 | Harmonized CPI | Oct |
